Debt, Money and Prices

I enjoy crusing the net and discovering data I had not looked at for awhile or new sources of data. Here is a picture of the growth of the monetary base -- extraordinary.


Notice what the Fed has been doing with the money it prints (digitizes). Purchasing U.S. debt -- monetizing the debt. Didn't Bernanke say he wouldn't monetize the debt




Notice the amount of debt the U.S. has created -- and has been monetized. Extraordinary.?


Although most economists are saying that this monetary base is no problem -- for instance, Bernanke says he is 100 percent certain he will stop inflation if it should arise -- notice what has occurred to the price level in the U.S. since the Fed has been in control.